RSP Permian Prices 7M Share Offering @$22.50/Share

RSP Permian, Inc.

today announced that it has priced an underwritten public offering of 7,000,000 shares of its common stock at $22.50 per share. The offering was upsized to 7,000,000 shares of common stock from the original offering size of 6,000,000 shares of common stock. Total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) will be approximately $157.5 million to the Company. The Company has granted the underwriter a 30-day option to purchase up to 1,050,000 additional shares of the Company's common stock which the underwriter exercised in full on August 4, 2015. The offering is expected to close on August 7, 2015, subject to customary closing conditions. As previously announced, the Company has recently closed acquisitions of, or entered into definitive purchase agreements to acquire, undeveloped acreage and oil and gas producing properties located in Martin and Glasscock counties for an aggregate purchase price of approximately $274 million, subject to certain customary purchase price adjustments (the "Martin Glasscock Acquisitions"). The Company intends to use the net proceeds from this offering to fund a portion of the purchase price of the Martin Glasscock Acquisitions.  We anticipate the remainder